Potential entries?
After the spring on 9.4.2025, there was gap up with a surge of volume the following day.
By 13.5.2025, there was a green candle with large volume pushing the stock towards the resistance of 3.51 again. It didn't manage to breakout and after 14.5.2025, it pulled back towards support, managed to break out on 11.6.2025, but went on to test the support again with an evil wick to hit stop losses.
On the 24th and 25th, it finally made its move to break previous resistances convincingly and glides along the MA15 as trailing support.
Impression:
Trading this stock purely on technicals is challenging. I'll get stopped out several times honestly if I were to buy early on before it broke out. So will have to base it on fundamentals and the potential of the stock as well. But after reviewing the QR, there was nothing much to show as well. There was reducing revenue for several quarters and only later on in August that we can see the stock increased its revenue.
Perhaps in retrospect, the best time to enter was on 26.6 or 30.6 when it made a flag pattern before marking up. Then again, 30.6.2025 was the ex-dividend date where you'll expect the price to drop first so I won't be touching this stock. So another lesson is maybe an approaching ex-date should not negate the consideration to enter a trade.
After the spring on 9.4.2025, there was gap up with a surge of volume the following day.
By 13.5.2025, there was a green candle with large volume pushing the stock towards the resistance of 3.51 again. It didn't manage to breakout and after 14.5.2025, it pulled back towards support, managed to break out on 11.6.2025, but went on to test the support again with an evil wick to hit stop losses.
On the 24th and 25th, it finally made its move to break previous resistances convincingly and glides along the MA15 as trailing support.
Impression:
Trading this stock purely on technicals is challenging. I'll get stopped out several times honestly if I were to buy early on before it broke out. So will have to base it on fundamentals and the potential of the stock as well. But after reviewing the QR, there was nothing much to show as well. There was reducing revenue for several quarters and only later on in August that we can see the stock increased its revenue.
Perhaps in retrospect, the best time to enter was on 26.6 or 30.6 when it made a flag pattern before marking up. Then again, 30.6.2025 was the ex-dividend date where you'll expect the price to drop first so I won't be touching this stock. So another lesson is maybe an approaching ex-date should not negate the consideration to enter a trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.